R Squared Ltd Takes Position in Axos Financial, Inc. (NYSE:AX)

R Squared Ltd purchased a new position in Axos Financial, Inc. (NYSE:AX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 940 shares of the company’s stock, valued at approximately $66,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AX. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Axos Financial in the third quarter valued at $27,000. Farther Finance Advisors LLC lifted its stake in Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 582 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Axos Financial during the 3rd quarter worth about $41,000. GAMMA Investing LLC grew its stake in Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after acquiring an additional 308 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Axos Financial by 325.2% in the 3rd quarter. US Bancorp DE now owns 1,029 shares of the company’s stock valued at $65,000 after purchasing an additional 787 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

NYSE AX opened at $70.03 on Friday. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock’s 50-day moving average is $74.24 and its two-hundred day moving average is $70.34. The firm has a market cap of $4.00 billion, a P/E ratio of 9.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 19.12% and a net margin of 22.10%. On average, analysts anticipate that Axos Financial, Inc. will post 7.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on AX. DA Davidson decreased their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday. Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Buying and Selling

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is owned by insiders.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.